In February, industrial production rose a seasonally adjusted 1.9% over the previous month, following on a 0.2% expansion in January. The reading, which overshot market expectations of a 0.9% increase, came in well above the 1.0% expansion tallied in February 2010. As a result, industrial output rose 6.9% over the same month the year before, despite the high comparison base, as activity soared 18.2% in February last year. The unexpected jump reflected seasonal factors, as Carnival holidays took place one month later than usual, resulting in more working days in February. That said, the expansion was widespread within the main used-based components. Intermediate goods production led the way, expanding 1.3% over the previous month, followed by a 0.9% increase in capital goods output. In contrast, manufacture of durable consumer goods decreased in February (-2.3% month-on-month), after having jumped 6.1% in January. The trend continued to indicate a less exuberant expansion this year, with annual average growth in industrial production decreasing from 9.4% in January to 8.6% in February.
Industrial production unexpectedly soars in February
April 1, 2011
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Brazil Economic News
October 25, 2016
Brazil’s current account balance improved in September, continuing to build on the considerable gains made over the past year.
October 19, 2016
At its 19 October meeting, the Central Bank’s Monetary Policy Committee (COPOM, Comite de Politica Monetaria) decided to cut the benchmark SELIC interest rate for the first time in four years, lowering it from 14.25% to 14.00%.
October 18, 2016
Retail sales (excluding cars and construction) fell 0.6% in August from the previous month in seasonally-adjusted terms.
October 7, 2016
Consumer prices in September increased 0.08% over the previous month, the lowest rise since July 2014.
October 4, 2016
In August, industrial production plunged 3.8% over the previous month in seasonally-adjusted terms, which significantly contrasted the 0.1% expansion recorded in July and marked the worst result since January 2012.